Deutsche Bank
High risk credits spark recovery swap revival
The high profile bankruptcy protection filing by US auto parts manufacturer Delphi last weekend and the subsequent downgrading of General Motors (GM) by Standard & Poor’s have heightened market interest in recovery swaps, say dealers.
Delphi bankruptcy jolts European credit markets
Michigan-based auto parts maker Delphi’s filing for Chapter 11 bankruptcy protection on Saturday has sparked a frenzied day of trading for the credit markets.
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
Icap names new global head of futures
Icap has hired Kevin Collins as global head of futures in New York. Collins will lead the development of the London-based inter-dealer broker’s US business, and will also drive its existing operations in Europe and Asia.
Tradition offers property derivatives
Tradition Financial Services (TFS) has become the latest inter-broker to enter the property derivatives fray.
RBS raids Shinsei to establish leveraged finance business in Tokyo
Royal Bank of Scotland (RBS) has poached an eight-strong team from Shinsei Bank in Tokyo to extend its leveraged finance business into Asia.
BNP Paribas sets up structured forex sales for European banks
BNP Paribas has set up a foreign exchange sales desk in London dedicated to non-reciprocal bank clients in Western Europe. The desk, consisting of two new hires and two internal moves, will focus on structured product sales.
Deutsche Bank strengthens forex structuring unit
Deutsche Bank has hired two foreign exchange structurers to work in its client strategy and solutions (CSS) group in London.
Barclays Capital continues to build equity derivatives unit
Barclays Capital has continued the expansion of its equity derivatives department with the appointments of Ed Ware, Javier Martin and Tetsuo Majima.
Deutsche snares top UBS energy structurer
Deutsche Bank has hired Louise Kitchen as global head of commodities structuring and marketing, based in New York.
JP Morgan bolsters derivatives marketing business
JP Morgan has hired four derivatives marketers for its streamlined derivatives marketing unit, including two managing directors from Deutsche Bank. They are the first significant appointments by the US investment bank since a steady stream of senior…
Deutsche grows asset finance division
Deutsche Bank has hired former JP Morgan vice-president Dennis Knitowski as a director in asset finance within the global markets division.
Deutsche launches European ABS index
Deutsche Bank has launched a European AAA floating-rate securitised bond index. The index will capture the performance of the European asset- and mortgage-backed securities market and focuses on the largest and most liquid AAA component of euro…
Deutsche Bank expands US structuring desk
Deutsche Bank has expanded its US retail structuring desk by hiring Christopher Yeagley as head of the desk and Scott Milner as a vice-president in retail structuring.
RBS beefs up equity derivatives distribution
The Royal Bank of Scotland has raided its rivals’ sales desks by hiring three directors in equity derivative sales to cover Germany, Italy and Scandinavia. The move signals the Edinburgh-headquartered bank’s intent on improving its distribution…
Deutsche hires Nam for MBS trading
Keeyeol Nam, formerly a senior vice-president at RBS Greenwich Capital, has joined Deutsche Bank as a director responsible for mortgage derivatives trading.
Barclays hires Meli as head of US structured credit
Barclays Capital has hired Jeff Meli as director and head of US structured credit and quantitative strategy in New York .
Deutsche promotes Javid to head emerging market structuring
Deutsche Bank has promoted Sajid Javid to the position of global head of emerging market structuring. He was previously head of the emerging markets structuring group for Europe, the Middle East and Africa.
UK property derivatives under spotlight
Though the UK commercial property derivatives market appears to be finally taking off, barriers to liquidity and efficiency remain, said derivatives professionals at a seminar held by law firm Field Fisher Waterhouse earlier this week.
iTraxx credit-linked notes launched
International Index Company, the Frankfurt-based firm that administers the European and Asian iTraxx credit derivative indexes, has launched three five-year iTraxx credit-linked notes.
Deutsche hires Grenier from Fidelity
Deutsche Asset Management (DeAM) has hired Bart Grenier as head of its speciality fixed income business – a newly created position. Grenier joins Deutsche Bank’s asset management arm from Fidelity Asset Management and Research, where he was a senior vice…
Deutsche Bank launches new index warrants in Singapore
Deutsche Bank has issued new warrants in Singapore on four global stock indexes - the Nikkei 225 Index, the Nasdaq 100 Index, the S&P ASX 200 Index and the S&P 500 Index.
Deutsche appoints new loan management head
Deutsche Bank has appointed Stuart Lewis as global head of the bank's loan exposure management group (LEMG) as of July 1, 2005. He will succeed Betsy Gile, the group's current head, who has announced her retirement.